THE EFFECT OF PROFITABILITY AND CAPITAL STRUCTURE ON COMPANY VALUE

• KANIA PUTRI
• 2026

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This study focuses on manufacturing companies, especially the food and beverage sector in Indonesia listed on the Indonesia Stock Exchange in 2021-2024, which seeks to further explore the influence of profitability and capital structure on company value. To determine the sample size of this study, the researcher used a purposive sampling strategy, where the data amounted to 21 companies. Data analysis in this study used the IBM SPSS version 27 application, namely multiple regression analysis with descriptive tests, classical assumption tests (such as descriptive tests, normality tests, multicollinearity, heteroscedasticity, and autocorrelation), and hypothesis tests (such as regression tests, coefficient of determination, partial, and simultaneous). Of the many conclusions obtained from the data on companies listed on the Indonesia Stock Exchange in 2021-2024, the analysis found that (1) Profitability as measured by ROE has a significant positive effect on company value, (2) Capital structure as measured by DER does not have a significant effect on company value, (3) And together ROE and DER have a significant effect on company value.

 

Keywords: Profitability 1; Capital Structure 2; Firm Value 3;

JEL Classification: C22; I18; R11

 

Putri, Kania., Suhartono. (2025). The Effect of Profitability and Capital Structure on Company Value (Food and Beverage Sector 2021-2024 Period). Jurnal Ekonomi Indonesia. 14(2),2025 pp. DOI:

Available at: https://jurnal.isei.or.id/index.php/isei

 

• Profitability 1; Capital Structure 2; Firm Value 3;

https://repository.bsi.ac.id/repo/81482/THE-EFFECT-OF-PROFITABILITY-AND-CAPITAL-STRUCTURE-ON-COMPANY-VALUE
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